Owens Corning (NYSE:OC) had its target price lowered by equities research analysts at MKM Partners in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the construction company’s stock.

Several other research firms have also recently weighed in on OC. Credit Suisse Group reissued an “outperform” rating and set a $110.00 price objective (up previously from $95.00) on shares of Owens Corning in a research report on Monday, January 22nd. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and set a $115.00 price objective on shares of Owens Corning in a research report on Friday, January 12th. Zacks Investment Research raised Owens Corning from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Thursday, January 18th. Zelman & Associates cut Owens Corning from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Seaport Global Securities boosted their price objective on Owens Corning from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $88.00.

Shares of NYSE:OC opened at $65.84 on Thursday. Owens Corning has a fifty-two week low of $59.26 and a fifty-two week high of $96.52. The stock has a market capitalization of $7,463.61, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.65 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 1.61 and a debt-to-equity ratio of 0.91.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Wednesday, April 25th. The construction company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.16). Owens Corning had a return on equity of 11.95% and a net margin of 4.24%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the firm earned $0.85 EPS. Owens Corning’s quarterly revenue was up 14.4% on a year-over-year basis. analysts predict that Owens Corning will post 5.69 EPS for the current fiscal year.

In other news, VP Ava Harter sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $84.00, for a total value of $92,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Arnaud Genis sold 59,541 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $81.32, for a total value of $4,841,874.12. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OC. Janus Henderson Group PLC grew its stake in shares of Owens Corning by 78.9% in the 3rd quarter. Janus Henderson Group PLC now owns 8,800 shares of the construction company’s stock valued at $681,000 after purchasing an additional 3,880 shares during the period. Aurora Investment Counsel bought a new stake in shares of Owens Corning in the 4th quarter valued at approximately $2,408,000. DnB Asset Management AS bought a new stake in shares of Owens Corning in the 4th quarter valued at approximately $1,085,000. Nisa Investment Advisors LLC grew its stake in shares of Owens Corning by 122.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,327 shares of the construction company’s stock valued at $1,041,000 after purchasing an additional 6,227 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Owens Corning by 1.3% in the 4th quarter. Bank of Montreal Can now owns 2,330,788 shares of the construction company’s stock valued at $214,292,000 after purchasing an additional 28,893 shares during the period. Institutional investors own 93.24% of the company’s stock.

About Owens Corning

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

Analyst Recommendations for Owens Corning (NYSE:OC)

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